POSCO the Great · human capital excels on the global ... which is formed out of hot strip ... materials for cold-rolled coils and electrical steel to be reprocessed later into

POSCOthe Great

Contents

2 POSCO Vision13 Our Product Quality29 Our Business and Sustainability32 30 Business Portfolio36 34 Successful Partnership 40 38 Global Leadership

42 40 Shared Growth

43 POSCO Overview

To become a company that is lovedmore than today,

Toward a more hopeful tomorrow,

POSCO is writinganother new success story.

POSCOthe Great

For the past 50 years, POSCO has led the steel in-dustry of the Republic of Korea, creating something out of nothing backed by the spirit of challenges and practices beyond limits. Still, POSCO has not stopped there. It has proclaimed anew a far-reaching vision called “POSCO the Great,” embracing the powerful intention of future growth. POSCO will become an enterprise admired by peo-ple worldwide by providing consistently new values

resulting from fostering new growth engines based on steel, the eternally new material.This 2014, POSCO families seek to create values greater than profits by providing good products and services and through upstanding corporate citizen-ship and satisfactory communication with interested parties under the vision of “POSCO the Great,” growing into an enterprise that contributes to the co-existence and prosperity of human society.

POSCO—Striving to achieve new dreams

The POSCO Family is comprised of POSCO and its domestic and overseas affiliates. The Family represents POSCO’s unique group management framework within which corporate visions, brand, and culture are shared among members.

POSCO Vision 32

POSCO the Great

54 Great Challenger

Second-to-none business architecture evolving in a future-oriented wayPOSCO is extending its business scope from steel to non-steel, from manufacturing to service, and from traditional to future. We are gearing up towards be-coming a total material maker by extending the end-to-end steel value chain to include steel, resources, materials, and chemicals. In addition, we are quick to seize market opportunities with our well established foundations in service business such as engineering and construction (E&C), information and communica-tions technology (ICT), and trade. Furthermore, we will make dramatic inroads into next generation growth industries such as green energy, sea transportation and logistics, and financial services in order to com-plete our futuristic business portfolio.

Great Voyager

Going globalTo take the next step to become a truly global player, POSCO will broaden its presence in every part of the world where we find customers and markets, and opportunities for the future. In Eurasia, span-ning from Eastern Europe across the whole of Asia to the Far East, and in the Americas, we will keep bolstering our steel business to solidify our global leadership in the field. We will also explore possi-bilities in Africa and Siberia where raw materials and resources are found in great abundance, as well as new frontiers at the North and South Poles, to se-cure our competitive edge in the future.

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Great Workplace

Implementing its advanced futuristic Family management systemAt POSCO, a top-notch Family management system is in the making, blending trust & communication, and innovation & synergy. One example of this is the Smart Workplace, the basic foundation for generat-ing new value. Other good examples include a sys-tem to discover technologies for future growth en-gines and new marketing schemes to drive forward customer success. We also advocate a management system that shares and embraces to win mutual trust and partnered growth. Finally, as responsible corporate citizens, we are taking the lead in fulfilling our social obligations.

※ Pictures of the POSCO Center, Pohang Works, and Gwangyang Works

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Great People

Working for the growth of both the company and its employeesAt POSCO, the vision of the company and its employ-ees are aligned. Each employee sets up and executes his or her individual visions (“My Vision”), while the company offers quality lifetime education programs tailored to the needs of the individual, like POSCO’s internal MBA and e-learning courses. We cherish a corporate culture of trust and communication and a harmonious working environment that strikes a bal-ance between work and life. The company strongly encourages the employees to become knowledge workers with a sense of ownership of the company and the creativity to realize their dreams. Our talented human capital excels on the global stage and, hand in hand with the company, is achieving its dreams of opening up a new tomorrow for POSCO.

※ The people in the photos are POSCO employees.

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Customer Inside: Create customer value by identifying the potential needs of customers

Basic Inside: Eliminate inconsistency and waste focused on basics and principles

Synergy Inside: Pursue shared growth with the supply chain based on trust and communication

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Our Business and Sustainability

Cooperate with the Familyto lead customer success.

Expand the marketsto grow with the world.

Fulfill social responsibilitiesas a global leader.

Find out more about the POSCO way.

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Our

Product Quality

Discover POSCO’s

technological prowess

and product excellence

leading the development of

the world and creating values

for the future.

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The POSCO Quality

Quality is the key to the survival and continuous growth of the POSCO Family.Quality is a sacred pact with our customers and is the most basic assurance that cannot be sacrificed for anything.Let us leap forward to become the POSCO that touches the very souls of our customerswith its top class quality.”

At the Declaration Ceremony of the POSCO Family Quality Charter16 November 2010CEO Chung, Joon-Yang

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This process is where iron ore is turned into molten iron. Iron ore and coal, the steelmaking raw materials, are converted into sinter ore and raw coke after be-ing processed in a sintering plant and coke oven respectively. The sinter ore and raw coke are then charged into a blast furnace from the top, as air heated to a temperature of 1,200 degrees is blown in from below. This oxidizes the coke and consequently reduces the sinter ore, creating molten iron.

Impurities are removed from the molten iron in this process. The molten iron from the blast furnace is transferred into a torpedo car—aptly named due to its torpedo shape—and sent to the steelmaking plant, where the liquid is poured into a con-verter. Pure oxygen is then blown into the converter, burning off the impurities in the molten iron such as carbon, phosphorus, and sulfur and leaving only pure, clean molten steel.

01 Iron-making

02 Steel-making

Carbon Steelmaking Process

Coal

Torpedo Car

Converter

Coke Oven

Blast Furnace

Sintering PlantIron Ore

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The POSCO Quality



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Continuous Caster

Rolling Mill

BilletHot-Rolled Coil

Cold-Rolled Coil

Bloom

Plate

Slab

Wire Rod

The molten liquid steel changes into its solid state during this pro-cess. The liquid steel is poured into a mold and passes through a continuous casting machine, where it is cooled and solidified into intermediate forms such as slab, bloom, and billet.

This process is where steel products of various sizes and thicknesses are pro-duced. As slabs are heated to 1,100 degrees or more and sent through large rolling machines, they become hot-rolled coils. If cut into thick plates, they become plate products. Billets are processed into long wire-shaped rods. The hot-rolled coil is rolled at room temperature to produce cold-rolled coil, which can then be fabricated to manufacture galvanized and electrical steel products.

03 Continuous Casting

04 Rolling

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The POSCO Quality



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Stainless Steelmaking Process

Scrap metal, nickel, and chromium are smelted in an electric arc furnace and drawn through a continuous caster to form semi-finished products such as slab, bloom, and billet, which can then be further processed in rolling mills into a variety of products including stainless steel plates, stainless hot- and cold-rolled coils, cold-rolled stain-less steel plates, and stainless wire rods.

Scrap MetalNickel

Ferrochrome

Electric Arc FurnaceArgon-Oxygen Decarburization

ConverterContinuous Caster

Hot & Cold Strip Mill

Hot-Rolled Coil

Cold-Rolled Coil

Cold-Rolled Plate

Read the QR code with your mobile to play a series of animated clips showing how steel is made at POSCO.

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The POSCO Quality



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Hot-rolled products include hot-rolled coil, which is formed out of hot strip mills, and hot-rolled sheet, which is made by cutting hot-rolled coil. Some of the hot-rolled coils from hot strip mills are sold as finished products or used as intermediate materials for cold-rolled coils and electrical steel to be reprocessed later into high value-added products. The industrial ap-plication of hot-rolled steel is diverse, as it is very strong and corrosion-resistant as well as being easily welded and highly workable.

Major Applications: Pipes, beams, automotive frames/wheels, containers, etc.

Plate products generally refer to steel plates with a thickness of 6mm or thicker. While they are mainly used for vessels, bridges, large structures, and shipbuilding plates, usage also includes a wide variety of special applications such as ex-tremely low temperature containers, industrial machinery, and military equipment. More investment is underway in develop-ing plate manufacturing technologies for welding and offshore structures, pressure containers and products under severely cold weather conditions to respond to sophisticated industrial needs.

Major Applications: Ships, bridges, large structures, shipbuilding plates, etc.

Hot-rolled Steel Steel Plates

Major Products20 21




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The POSCO Quality



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Cold-rolled products are high-quality and high-grade steel products with a flawless surface and superior formability, which are used in a wide variety of applications ranging from home appliances such as electronic washing machines and refri- gerators to vehicles, industrial machinery, and construction materials. We are constantly discovering new applications such as for steel cans and steel houses, and are putting every effort into supplying the most optimum products that can satisfy customer needs.

Major Applications: Automotive plates, high-end home appliances, metal furniture, etc.

Cold-rolled Steel / Galvanized SteelWire rod products are divided into general and special steel. General steel can also be classified into general wire rods that are used in daily life, like screws and nails, and special wire rods which are used in the manufacturing of cars, bridges, ma-chinery, submarine cables, etc. Special steel is used to manufacture automotive bolts/nuts, high-tensile architectural bolts, bearings, springs, piano wire, tire cords, etc. More advanced products of higher strength and lighter weight are also being developed by POSCO.

Major Applications: Bridge wire, tire cords, architectural structures, springs, etc.

Wire Rods

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The POSCO Quality



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Being strongly corrosion-resistant with its flawless surface, stainless steel products are made from high value-added special steel that can be used in various applications without extra surface treatment. Stainless steel is mainly used in kitchenware, automobile parts, and chemical facilities. Ever since it was used in the construction of Incheon International Airport and the Seoul World Cup Stadium, in particular, its popularity as a material for building exterior walls and roofs has been rising.

Major Applications: Kitchenware, medical devices, building interiors/exteriors, chemical facilities, car parts, etc.

Stainless SteelBeing highly electromagnetic, electrical steel is in ever greater demand as the need for clean energy grows to support con-tinuing efforts to conserve energy and prevent environmental degradation. This steel is also called silicon steel, due to its high silicon content, and is divided into grain-oriented and non-oriented steel sheets according to its magnetic property. Electrical steel is usually used as iron core material for current transformers, power generators, motors, etc.

Major Applications: Current transformers, motors, power generators, etc.

Electrical Steel Plates

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The POSCO Quality



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Finex Continuous Hot Rolling Strip Casting Poscote-C

Major Technologies

The Finex Process, commercialized for the first time in the world by POSCO, differs from the conventional coke-based blast furnace process used over the past three centuries, as it produces molten iron directly from fine iron ore and coking coal. In addition to substantially reducing upfront capital investment and ongoing raw material costs, this revolutionary process significantly cuts down on pollutant emissions. We successfully completed construction of the first Finex plant, with a 1.5 million ton annual production capacity, at Pohang Works in September 2007.

This cutting-edge technology produces hot-rolled flat products with a thickness of between 2~4mm, directly from molten iron without having to go through the slab-making process, thereby significantly reducing capital expenditure, manufacturing costs, energy consump-tion, pollutant emissions, and production lead time. In June 2006, we commissioned a demo plant at Pohang Works and ran a successful trial production. The plant has been in full swing production since 2008.

Slab, one of the intermediate materials of hot-rolled products, is produced in a bar form and then rolled continuously using POSCO’s proprietary solid-state joining technique. This technology dramatically reduces production lead time and enhances quality and pro-ductivity, making thinner but harder sheets more cost-effectively.

The surface of a flat steel product is coated with high performance resin and goes through a high-speed dry-ing process using light energy, resulting in products with a higher durability and wider versatility. With a state-of-the-art facility established specially for this technology, our focus is on developing next-generation surfacing technology to make lower-cost and higher-quality eco-friendly products.

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The POSCO Quality



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To provide better customer value through

top-notch technology and top-class products,

POSCO will keep striving with

the utmost effort and dedication.

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The POSCO Quality

New MaterialStriving to become a global top-tier total material supplierPOSCO has set the goal of transforming itself from steelmaker into global total material company, by concentrating all its energy on developing high-strength, ultra-light base materials and advanced materials. We already have a production system for magnesium and titanium, which are drawing attention as ultra-light metals, and plan to produce automotive steel materials like ferromanganese and zirconium tubes—material for radioactive reactors—in the near future. We are also developing a technology to extract lithium, core material for secondary batteries, from sea water and putting our focus on developing materials like rare earth metals. There has been a lot of work going on within POSCO Family too. Constructing factories for cathode material of secondary batteries and pursuing the high value-added carbon material business are just two examples. All these efforts will serve as the basis for POSCO to become a total material company reliably producing and supplying core industry materials all around the world.

The competencies of POSCO Family are continuing to be built up not only in the Steel Business but also in the areas of New Materials, E&C, Energy, ICT, and Trade, boosted by global competition and the synergy created within its circle. POSCO and its Family will grow into a global business group that is loved by all, based on its future-oriented business framework that harmonizes steel and non-steel, manufacturing and service, tradition and future.

Growing with the Family

Business Portfolio

SteelRenowned world leader in the steel industryPOSCO has joined the ranks of top steelmakers in the world with a crude steel production of 40 million tons. It is a producer and global supplier of carbon steel and stainless steel products such as hot- and cold-rolled steel, plate, wire rod, electri-cal steel, special steel, and surface-treated steel sheets. Domestically, its production capacity is on a steady rise with the world’s biggest plate manufacturing line set up in the Gwangyang Works and a world record for daily production from a single blast furnace, held by the enhanced Furnace No. 4 at the Pohang Works. In addition, its continuous efforts in technol-ogy leadership enhancement and high value-added product development have led to the successful establishment of a mass production system of ultra-high-strength twinning induced plasticity (TWIP) steel for automobiles, for the first time in the world. Outside the country, it is also quick to respond to customer needs from around the world thanks to production bases, processing centers, and sales channels set up in major international hubs. Thanks to such efforts, POSCO has been named the world’s most competitive steelmaker by WSD (World Steel Dynamics) for 4 years in a row (2010~2014).

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2. Wind Power Plant Complex We plan to complete the vertical integration from steelmaking to the wind power plant industry. Currently we have a considerable presence in the steel industry, which is the basic material for power generator and tower construction. But we expect the vertical integration will enable us to expand our business scope to building power generation facilities, creating wind power complexes, and operating power generation systems for the full-fledged wind power generation business.

TradeExploring new business in collaboration with Daewoo InternationalFounded more than four decades ago, Daewoo Interna-tional Corporation is one of the largest domestic commer-cial trading companies with over 100 global network cells, over 6,000 channels, and over 3,000 items. It joined POSCO Family in 2010 and is engaged in the in-ternational trading of steel, metal, machinery, chemicals, etc.; resources development as in gas field developments in Myanmar; and overseas investment by operating inter-national projects and investment corporations. POSCO is closely cooperating with Daewoo International to promote its steel sales and develop raw materials for steel produc-tion. Together, POSCO and Daewoo International will develop mineral resources for the new material business,

which is one of our new growth engines.

ICTShaping the Age of Convergence with IT and engineering servicesWith its technology and know-how in IT and engineering, POSCO Family provides new ICT services that are shap-ing the era of convergence. Having selected three areas of engineering, process automation, and IT services as the core fields of ICT business, we broadened the IT conver-gence business and entered into new growth areas such as LED lighting, smart grid, and cloud computing. At the same time, we are building up key competencies for environment-friendly industries, railroads and transportation, renewable energy, and radioactive plants.

3. Smart Grid (intelligent electricity network) After participating in the pilot project in Jeju, we are now actively pushing ahead with industrial and household projects as one of the front runners of the smart grid, the infrastructure for green growth.

By reproducing our competitive edge in steelmaking in other areas like raw material investment, resource development, and new future material business, POSCO will strengthen its E&C, Energy, ICT, and Trade businesses to become a top-class company that contributes to global industrial development.

1. Songdo International Business District (IBD)Being the world’s first-ever sustainable development city, Songdo IBD is in the spotlight as a business hub of North East Asia encompassing business, housing, environment, education, and culture.

Business Portfolio

E&COffering a total solution for engineering and constructionPOSCO Family has shown outstanding capabilities in steel-making, the environment, and energy plant areas based on its plant engineering technology and know-how, experi-ence, and human capital accumulated during the construc-tion of integrated steelworks in Pohang and Gwangyang. Its prowess is also being proved in construction, civil engineering, housing, and city development as in the suc-cessful construction of Gwangan Bridge and Songdo Inter-national Business District, for example. Business areas are being diversified to include environmentally friendly con-struction in areas such as sea water desalination, offshore plants, and new renewable energy. In addition, large-scale urban development projects like the new city development of North An Khanh, Vietnam and the masterplan of Ha Noi Metropolitan City are underway. As for overseas plant busi-nesses, we have power plant projects being undertaken in

countries like Chile and Peru.

EnergyLeading low-carbon green growth with our green energy businessPOSCO Family is actively enlarging its energy business to achieve low-carbon green growth and develop new growth engines of the future. We are very active in importing liq-uefied natural gas (LNG), operating the Gwangyang LNG Terminal, and engaging in synthetic natural gas (SNG) and Clean Development Mechanism (CDM) business. We are also involved with the development of energy resources like oil and gas overseas, starting with Central Asia. Our busi-ness extends to power generation such as at LNG com-bined cycle power plants and residual gas power plants; next generation renewable energy as in fuel cells, wind and tidal power, and solar rays; and overseas power generation in Indonesia, Vietnam, and more. We are also taking the lead in the waste energy business such as in making fuel out of domestic waste (rotary hearth furnace: RHF) and waste water sludge.

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Year-end Farewell Party for Customers New technology development tailored to suit customers needs

Customer invitation for on-site training

Successful Partnership

Achieving Success with CustomersCustomers are always the first in POSCO’s every management activity. We are committed to deliver customer success by understanding them, listening to and collecting various customer needs, discovering hidden values and making proposals that meet their needs. Based on strictly customer-centric marketing strategies, we will provide technology and services most needed by the customers and help them to achieve success beyond their expectations. Our goal is to become a business partner that is genuinely loved by our customers.

Seeking customer trust and success through customer-centric marketing visionFacing the ever-growing competition at home and abroad, POSCO has set up a new customer-centric marketing vision of “Your Trust and Success, Our Tomorrow.” The vision embraces POSCO’s firm commitment to become customers’ most fa-vored business partner based on core values of being customer-centric, having a global mind, developing creative flexibility, and maintaining a professional mindset. Building on the core values, we offer a global one-stop service and customized values triggered by our insight, and put customers at the center of our business process innovation. In order to achieve this vision, we have not only designed execution guidelines at the company level, but all the executives and employees have also individually and collectively pledged their commitment towards its successful realization.

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Operating a marketing program to boost customer competitivenessOne of POSCO’s customer-centric marketing programs is the “Market Facing” Program, whose purpose is to make everything from marketing schemes and processes to the mindset of employees and executives customer-oriented. The Account Planning (AP) Program helps collect different opinions of customer departments and identify their needs so that every value at all parts of the end-to-end value chain can be enhanced, and collaboration with customers strengthened. Based on the output from AP programs, we will further complement our strategic customer-focused marketing activities by making them more achievable via industry-specific customization and utilizing IT systems such as customer relationship management (CRM) soft-ware. In the meantime, Go-To-Market strategies are also being implemented, suggesting differentiated mid-to-long-term marketing strategies for each export destination in consideration of the different attributes of overseas mar-kets and competition.

Advancing customer success through the POSCO EVI programThe POSCO EVI (Early Vendor Involvement) program is designed to help POSCO achieve customer success by predicting the future market environment faster than cus-tomers and developing and proposing customized tech-nology and products in advance. Under the initiative, we participate in customers’ product design stage and onward to provide customized products, propose solutions in ad-vance to create customer value that fits market needs and industry trends, and generate new business together with customers. With the program being applied to all industry segments, we aim to walk side by side with our customers not just as a material supplier but as a business partner. The Songdo Global R&D Center that opened in 2010 is the hub of POSCO’s global EVI activities with the Product Application Center (PAC) being a pivotal point of customer contact “before service” and the Steel Structure Research Division of the Research Institute of Industrial Science and Technology (RIST) exploring and providing support for EVI activities in construction, offshore, energy, and shipbuild-ing sectors. We invited global leading customers in No-vember 2010 and July 2012 to ‘POSCO Global EVI Forum’ to provide an opportunity for them to give their views and have discussion.

Partners Day POSCO Global EVI Forum 2012

Successful Partnership

Based on thoroughly customer-centric marketing visions,POSCO will think and act from the customer’s point of view, to gain customer trust and contribute to customer success.

Broadening communication over customer-centric marketingAt POSCO, we are increasing the level of internal and external communication to promote a customer-centric marketing mind-set and enhance its practicability. Inside the company for example, we are implementing phased campaigns for employees and executives under such themes as “Change your point of view to that of our customers” and “Let’s prepare for success from our customers’ perspective.” Outside the company, we invited over 120 customers and held a “Partners Day” in September 2010 to announce POSCO’s customer-oriented marketing vision and declare our devotion to it. In addition, we are carrying out various communication activities for different customer segments by industry to prove how strongly POSCO is committed to shared growth and customer success through customer value creation.

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3.

Mexico

The first overseas automotive steel production factory (with a 400,000 ton capacity) was built in Altamira, Mexico and its continuous galvanizing line (CGL) has been offering stable supply to customers in the Americas since 2009.

4.

Australia

We have actively acquired shares in iron ore and coal mining companies including the POSMAC, Sutton Forest, and Australian Premium Iron (API) mines, ensuring a stable and long-term supply of raw materials.

North & South AmericaCompleting local closed-loop steel infrastructure in AmericasIn North America, we are in the process of building up a local closed-loop production system. With continuous galvanizing lines (CGL) in Mexico at its core, the system reaches out to extend processing centers and sales net-works to target North and Central America, the biggest car market in the world. To respond to North and Central American demand, we are working on the construction of integrated steelworks in Brazil and making active in-vestments in raw materials such as iron ore. We are also actively participating in lithium development in Bolivia. At POSCO, we will never stop expanding our steel business in the Americas.

New RegionsExploring new frontiers to ensure future competitivenessPOSCO has advanced into African countries like Mo-zambique, Zimbabwe, Cameroon, South Africa, and the Democratic Republic of the Congo and is working on vari-ous development projects related to scarce metals such as chrome, tungsten, manganese, molybdenum, and lithium as well as raw materials such as iron ore and coal. In addi-tion, we are gearing up to participate in power plant or in-frastructure construction projects in those countries. North-east China and the Far East, Siberia, the Polar Regions and oceans like the Bering Sea and the Antarctic Ocean are our next targets for exploration, to widen the scope of resource development and secure raw materials so that we can bet-ter prepare for the future in a forward looking fashion.

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1.

China

We are responding flexibly to the Chinese market by operating production bases of Zhangjiagang Pohang Stainless Steel, Qingdao Pohang Stainless Steel, Dalian POSCO Steel, and Guangzhou Shunde POSCO Steel along with 14 processing centers with POSCO China at the core.

2.

Indonesia

The steel mill under construction in Cilegon is our first ever overseas integrated steelworks. It will start production in full swing after Phase 1 of construction is complete in 2013, helping us expand our presence in the Southeast Asian steel market.

Global Leadership

Developing Together with the WorldNeither the winds of the desert nor the cold of the tundra or the icebergs of the Antarctic can be a limit to POSCO. The whole world is our office and market because our aim is to go beyond Korea’s best steelmaker to become a world class global leader with our unrelenting challenging spirit. We will continue to explore the world and open up markets in our quest to become a global company loved by all.

Asia & EuropeReinforcing our leadership in the Asian and European steel marketPOSCO’s leadership in the steel markets of Asia and Eu-rope is further solidified with successful operation of global production bases, processing centers, and sales networks in the region. Production bases in China, Vietnam, and In-dia are under operation and their production capacities are increasing every year with continuous facility expansion.

After launching the first integrated steel mill construction overseas in Indonesia, we have also started building one in India which will greatly boost our future global production capacity. We are working on a joint titanium slab business project in Kazakhstan and developing raw materials and mineral resources in countries like Mongolia, Indonesia, Myanmar, Australia, New Caledonia, and so on.

Green Growth

Pursuing green growth — a virtuous cycle of environment and economy

POSCO Family has founded a green growth management system and prepared for the paradigm in a forward looking way. The four strategic areas it has designated in this regard are: “Green Steel” to develop high-strength steel plate and ultra light materials; “Green Business” based on POSCO Family competencies; “Green Life” through the environment-friendly lifestyle of employees and executives; and a “Green Partnership” of community service promotion and greenhouse gas reduction. The CEO of POSCO presides over POSCO Family Green Growth Committee meetings biannually to check up on strategies and activities. With POSCO Family, we will continue to create synergies in green business, generate new future

growth engines, and build up a more eco-friendly society.

Partnered Growth

Growing in close cooperation with partners

The Inclusive Cooperation Execution Secretariat and POSCO Family Partnered Growth Task Force are dedicated to operat-ing various programs for inclusive cooperation with small- and medium-sized partners. To provide greater financial support, we are implementing diverse measures such as payment-in-cash settlement for all purchase orders, financing fund opera-tions, and investment funding for machinery and facility at low interest rates. To maximize technological competitiveness, we are running programs like support for new product development under conditional purchase and the Techno Partnership that supports customized technologies. We are helping our partners stabilize management and extend their sales channels by sharing benefits and guaranteeing the long-term purchase of products selected as “World Best, World First” items. At the same time, we offer a diversity of customized training and consulting programs to help our partners improve their hu-man capital and management competency. Our plan is to make partnered growth take firm root across the entire industry

ecosystem by reaching out to POSCO’s 2nd~4th tier partners with our inclusive cooperation programs.

Environmental clean-up campaign to revive the sea

Joint wedding ceremony of multicultural couples

Shared Growth

Sharing withthe CommunityBy taking care of Mother Earth, we can look forward to a healthier tomorrow. Helping each other to succeed, we fulfill our lives. Sharing with neighbors, we learn how happiness grows through the exchange of kind deeds. POSCO engages in environmental management, inclusive cooperation, and community service to build a better society. POSCO will continue to share with the community for the sustainable development of the human race and Mother Earth.

POSCO Family Signing Ceremony for Fair Trade and Partnered Growth

Junior Engineering Technology Class at Pohang Works

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POSCO Overview

Creating somethingout of nothing,

Constantly innovatingtriggering change,

Its true passionmoving souls,

POSCO is quietlyshaping the world.

Nurturing global talent to shape the future

POSCO makes a lot of contributions to nurturing hu-man talent by running 12 kindergartens and elemen-tary/middle/high schools through the POSCO Educa-tion Foundation. Also, it supported the establishment of POSTECH (Pohang University of Science and Technology) and POSTECH GIFT (Graduate Institute of Ferrous Technology). In addition, the POSCO TJ Park Foundation operates a variety of scholarship programs for domestic and overseas talents such as the POSCO Cheong-Am Prize, Cheong-Am Science Fellowship, New Star Scholarship, Vision Scholarship,

and POSCO Asia Fellowship.

Sharing new hope with neighbors across the globe

POSCO offices are joining in with efforts in foreign countries to carry out localized community services. Beginning in 2010, we have hosted the “POSCO Family Global Volunteer Week” in 20 countries to strengthen ties with local people. The university student volun-teer group, “Beyond”, has been working on home-building campaigns not only in Korea but also in India, Thailand, and Indonesia. In addition, POSCO’s warm-heartedness has reached every part of the world hit by natural disasters such as in Indonesia, Haiti, Pakistan,

China, and Japan.

Delivering the loving hearts of volunteers

The POSCO Family Volunteers has four regional groups in Seoul, Incheon, Pohang, and Gwangyang with about 15,000 members consisting of employees and execu-tives and their families. The third Saturday of every month is designated as “Sharing Saturday,” when the volunteers visit designated welfare facilities and towns to lend a helping hand.

Helping the isolated stand on their own feet

To help members of multicultural families to become successfully integrated into Korean society, POSCO has set up a variety of support programs such as a business start-up and job fair, Korean language and culture education courses, concerts, joint weddings, fi-nancing for independence, and a call center for advice. We have founded socially responsible companies such as POSCO HUMANS, POSecohousing, POSPlate, and Songdo SE, which help the elderly, handicapped, un-employed youth, immigrant brides, and defectors from North Korea to stand on their own feet. In addition, the POSCO Smile Microcredit Bank is operating in four cit-ies– Seoul, Pohang, Gwangyang, and Incheon–to give hope to neighbors in need.

POSTECH, Pohang University of Science and Technology POSCO Family Volunteers

Caféoasia – a happy workplace for women immigrants by marriage

Social Contribution

“Beyond”, a college student volunteer group

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POSCO CenterFounded in 1995, the POSCO Center is located in Daechi-dong, Gangnam-gu, Seoul. Renowned as a state-of-the-art intelligent building, this 30-story building is loved by many citizens as a place to come and rest, and enjoy its cultural facilities like the steel gallery, atrium, aquarium and art gallery.

Steel GalleryOpened in March 1996, the gallery chronicles the past, present and future of steel and the steel industry. The story of POSCO and steel is portrayed in pictures, with explanations provided all year round in Korean, English, Japanese, and Chinese.

AquariumInside the 9 meter deep tank in the POSCO Center building, more than 30 species of South Pacific coral reefs and 2,000 tropical fish, turtles, morays, and other sea creatures belonging to more than 40 different species can be viewed from both the first floor and the basement of the building, making the aquarium one of the hot spots in the city.

AtriumLocated at the central hall of the POSCO Center, the five-story high atrium has a subtle artistic atmosphere with installations by video art-ist Nam June Paik on the first and second floors. It is also a popular venue for many cultural events and performances such as the POSCO Center Concert.

POSCO Art MuseumLocated on the second floor of the West Wing of the POSCO Center, POSCO Art Museum is the only corporate art gallery in the Gangnam area of Seoul. It possesses more than 600 artworks including 461 paintings, 38 sculptures, and 19 pieces of porcelain, and provides easier access to citizens to appreciate and experience modern art.

Site Introduction

POSCO’s major domestic sites include its Headquarters which is the control center of POSCO’s global network, the POSCO Center, and Pohang and Gwangyang Works with their world class production capacities. They collaborate closely with other parts of the POSCO Family inside and outside the country, creating synergy for partnered growth.

HeadquartersFounded in 1987, the HQ is located in Goedong-dong, Nam-gu, Pohang-si. At POSCO Museum, visitors can take a look at the history and vision of the company and enjoy learning how steel is made. Moreover, they can enjoy a tour of the steel mill from the Public Information Center.

POSCO MuseumPOSCO Museum shares the history, spirit, corporate culture, and vision of POSCO with visitors. Opened in July 2003, this three-story building with a total floor area covering 3,636㎡ stands on its own ground of 9,917㎡. The museum attracts more than 100,000 visitors every year and has more than 24,000 pieces of historical data filling the its 1,983㎡ of exhibition space. The museum’s efforts to satisfy the growing interest of visitors continue in the form of discovery of new historical data, upgrading the exhibits and improving the tour guide services. A visit to the museum has become one of the favorite field trip spots for elementary/middle/high school students in Pohang and many families visit the museum for picnics during weekends. The museum also showcases POSCO’s success story and innovation to visitors from major companies such as Samsung Electronics and LG Electronics and to valued customers who may be looking to bench-mark our achievements.

Public Information CenterOpened on April 1st 1985, the Public Information Center offers ex-planation of the steel-making process and a tour of one of our mas-sive steel mills to visitors. It has welcomed more than 17.5 million visitors since its opening and has become one of the most popular spots in Pohang. The center operates on weekdays and Saturdays (9:00~16:00) for groups of 10 people or more. Individual tours are pro-vided only on Saturdays.

44 45

Gwangyang WorksGwangyang Works is the largest unit steel plant in the world. With its optimum factory allocation, it operates car-bon steel and high mill processes for strategic, high value-added products including automotive steel, high-strength hot-rolled steel, high-grade API steel, and plates. Our goal is to position Gwangyang Works as the single-source supplier of choice for automakers around the world.

Major Products Hot- and cold-rolled steel, automotive steel, API steel, plates, etc.

Manufacturing Focus Dedicated long-run

Crude Steel Production

21.45 million tons (as of late 2012)

Site Area

17,586,856㎡

Automotive Steel Application CenterFounded on January 21st 2003, the center not only has a test lab for researchers to develop steel plate technologies but also has a research lab where our automotive customers can participate in right from the initial stage of product development. We take pride in our infrastructure that offers the world’s best technology services with focus on making high added-value automotive steel products and playing an active role in our customers’ technological development.

Baekwoon Art HallOpened on July 14th 1992, the hall is equipped with its own stage and related facilities. Capable of accommodating 1,036 people, it serves as an excellent venue for diverse genres of performances such as operas, musicals and ballet. The Gwangyang Steelyard is Korea’s second stadium dedicated to soccer, and seats 14,000 spectators.

Site Introduction

Pohang WorksPohang Works was the first integrated steel mill ever built in Korea. This grandiose project by Yeongil Bay started with Phase 1 being commissioned in 1973, and spanned three more phases until its completion in February 1981. It currently runs carbon steel and stainless steel processes and has played a pivotal role in promoting POSCO’s global competitiveness with the establishment of the world’s first commercialized Finex process in May 2007.

Major Products Hot- and cold-rolled steel, plates, wire rods, electrical steel, stainless steel, API steel, etc.

Manufacturing Focus Flexible short-run

Crude Steel Production

16.54 million tons (as of late 2012)

Site Area

9,390,223㎡

POSCO Technical Research LaboratoriesEstablished inside Pohang Works on September 30th 1996, the goal of the laboratory is to lay the foundations for POSCO to secure its position as a world leader in competitiveness in steel manufacturing technology. The large complex of cutting-edge research facilities has direct access to production sites and technologies, thereby offering the best environment for researchers.

Pohang SteelyardPohang Steelyard was completed on November 1st 1990, and was Korea’s first stadium dedicated to soccer. As the home stadium of Pohang Steelers, it can seat about 18,000 spectators and has the only dedicated supporter zone in the nation. The distance between the field and the stands is the shortest in the country, which is only 3 meters. In addition, the Hyoja Art Hall offers a variety of cultural events such as movies, plays, musicals and concerts, for the enjoyment not only of POSCO employees and executives but of the whole community.

46 47

International Subsidiaries

1 POSCO China HoldingTel: 86-21-6091-2788

2 Zhangjiagang Pohang Stainless SteelTel: 86-512-5856-9760

3 Qingdao Pohang Stainless Steel Co., Ltd.Tel: 86-532-8683-7020

4 Dalian POSCO SteelTel: 86-411-8751-5001

5 POSCO (Guangdong) Coated Steel Co., Ltd.Tel: 86-757-2239-8014

6 POSCO China Suzhou Automotive Processing CenterTel: 86-512-5760-5954

7 POSCO China Foshan Steel Processing CenterTel: 86-757-2381-3978

8 POSCO China Wuhu Automotive Processing CenterTel: 86-553-593-6603

9 POSCO China Chongqing Automotive Processing CenterTel: 86-23-8903-6558

10 POSCO China Liaoning Automotive Processing CenterTel: 86-24-2987-5991

11 POSCO China Tianjin Steel Processing CenterTel: 86-022-6620-6802

12 POSCO China Yantai Automotive Processing CenterTel: 86-535-216-6707

13 POSCO China Dalian Plate Processing CenterTel: 86-411-3911-3601

14 POSCO VietnamTel: 84-64-392-3020

15 VSC POSCO SteelTel: 84-31-374-8113

16 POSVINATel: 84-8-3731-3097

17 POSCO VSTTel: 84-8-3823-2209

18 POSCO Vietnam Hochiminh Steel Processing CenterTel: 84-61-356-9350

19 POSCO Vietnam Hanoi Processing CenterTel: 84-320-354-5816

20 POSCO IndiaTel: 91-674-230-3690

21 POSCO Maharashtra SteelTel: 91-22-4170-7200

22 POSCO India PuneSteel Processing CenterTel: 91-2114-308-102

23 POSS India Delhi Steel Processing CenterTel: 91-128-430-8303

24 POSCO India Chennai Steel Processing CenterTel: 91-44-3919-7503

25 POSCO MalaysiaTel: 60-3-3101-2422

26 Myanmar POSCO SteelTel: 95-1-638-305

27 POSCO Malaysia Kuala Lumpur Steel Processing CenterTel: 60-3-3258-2223

28 POSCO JapanTel: 81-6-6214-1958

29 XENESYSTel: 81-3-8475-1700

30 POSCO AsiaTel: 852-2827-8787

31 POSCO InvestmentTel: 852-2802-7183

32 PT Krakatau POSCOTel: 62-21-3000-3810

33 POSCO South AsiaTel: 62-21-3000-3809

34 PT. Motta Resources Indonesia (PT. MRI)Tel: 62-21-5140-1402

35 POSCO Thailand Bangkok Steel Processing CenterTel: 66-38-545-315

36 POSCO Indonesia Jakarta Processing CenterTel: 62-21-8911-8989

37 POSCO AustraliaTel: 61-2-9258-9803

38 POSCO WATel: 61-8-9486-7052

Daewoo International Corporation

Trading Subsidiaries

1 Daewoo International Japan Corp.Tel: 81-3-3224-7121

2 Daewoo International Japan Corp. Osaka Br.Tel: 81-6-6222-0848~9

3 Daewoo International Japan Corp. Nagoya Br.Tel: 81-52-222-3717

4 Deawoo(China) Co., Ltd.Tel: 86-10-6465-2226

5 Shanghai Lansheng Daewoo Corp.Tel: 86-21-6319-0088

6 Daewoo Int’l Guangzhou Corp.Tel: 86-20-3810-5398

7 Daewoo Int’l Shanghai Co., Ltd.Tel: 86-21-2211-3500

8 Daewoo International SingaporePte Ltd.Tel: 65-6333-5507

9 Myanmar Daewoo Ltd.Tel: 95 -1-253129

23 Daewoo Int’l Corp. Dalian OfficeTel: 86-411-8253-0808

24 Daewoo Int’l Corp.Qingdao OfficeTel: 86-532-8503-0260

25 Daewoo Int’l Corp.Wuhan BranchTel: 86-27-8577-0993

26 Daewoo Int’l Corp. Shantou Representative OfficeTel: 86-754-88163442~4

27 Daewoo Int’l Corp. Kunming OfficeTel: 86-871-318-3373

28 Daewoo Changchun OfficeTel: 86-431-290-9816-9

29 Daewoo Harbin OfficeTel: 86-451-8233-0434

30 Daewoo Int’l Corp. Taiwan BranchTel: 866-2-8786-1522

31 Daewoo Shenyang OfficeTel: 86-24-2253-4496

32 Daewoo International Corp. H.K. Representative OfficeTel: 852-2377-1782

33 Daewoo Int’l Corp. Chongqing BranchTel: 86-23-6302-2155

34 Daewoo International Corp. Mumbai OfficeTel: 91-11-4565-1012

35 Daewoo International Corp. Manila Representative OfficeTel: 63-2-818-1031

36 Daewoo Int’l Corp. Hanoi OfficeTel: 84-4-3-8315220

37 Daewoo Int’l Corporation Bangkok OfficeTel: 66-2-654-0124~8

10 Daewoo Int’l Vietnam Co., Ltd.Tel: 84-8-3-821-7740

11 Daewoo Int`l Corp.(M) SDN BHDTel: 60-3-2161-8033

12 Daewoo Int`l India Private Ltd.Tel: 91-11-2649-8208

Representative Offices

13 Daewoo International Corp. Tashkent OfficeTel: 998-71-150-1181~3

14 Daewoo International Corp. Ashgabat OfficeTel: 993-12-45-08-33

15 Daewoo International Corp. Kiev OfficeTel: 380-44-537-42~05/06

16 Daewoo Int’l Corp. Tehran BranchTel: 98-21-2202-8902

17 Daewoo Int’l Corp.Dammam BranchTel: 966-3-814-7540

18 Daewoo Int’l Corp.Dubai BranchTel: 971-4-324-8240

19 Daewoo Int’l Corp. Baghdad OfficeTel: 964-1-542-6090

20 Daewoo Int’l Corp. Amman OfficeTel: 962-6-553-6451~2

21 Daewoo Int’l Corp. Tel Aviv OfficeTel: 9723-537-2292

22 Daewoo Int’l Corp. Kuwait OfficeTel: 965-2245-3682

38 Daewoo Int’l Corp. Jakarta BranchTel: 62-21-520-4520

39 Daewoo International Dhaka OfficeTel: 880-2-9881316-21

40 Daewoo International Corporation Australia Representative OfficeTel: 61-2-9290-2222

Production & Service Offices

Textiles41 Daewoo Textile Fergana LLC.Tel: 998-73-223-0681~3

42 Daewoo Textile Bukhara LLC.Tel: 998-65-222-2129

43 Global Komsco Daewoo LLC.Tel: 998-71-252-3657

44 Myanmar Daewoo International Ltd.Tel: 95-1-600206

45 P.T Rismar Daewoo ApparelTel: 62-21-440-4290

46 Daewoo STC & Apparel Ltd.Tel: 84-211-3-847295

Cement47 Daewoo Cement (Shandong) Co., Ltd.Tel: 86-537-4224-771

Paper48 Daewoo Paper Manufacturing Co., Ltd.Tel: 86-453-632-3105, 5701

49 Tianjin Daewoo Paper Mfg. Co., Ltd.Tel: 86-22-2811-5500, 2817-5489

Steel50 PT International Steel IndonesiaTel: 62-21-8911-8989

●Domestic Locations ●International Offices ●Domestic Subsidiaries ●International Subsidiaries ●Daewoo International Corporation Network

3

13

4 1622

9 2021

1 725

3 1 61910 29

511 30

14

18

242 817

1527

42623

2

12

Global Network

ASIA 22 SeungKwangTel: 82-61-740-8181

23 eNtoBTel: 82-2-2007-0800

24 POSRITel: 82-2-3457-8000

25 POSTECH VCCTel: 82-54-279-8486

26 POSCO E&ETel: 82-2-3457-0522

27 POREKATel: 82-2-3453-5200

28 Busan E&ETel: 82-51-831-1493

29 POSCO HUMANSTel: 82-54-220-7478

30 POSecohousingTel: 82-54-230-9000

31 POSPlateTel: 82-61-790-8330

32 Songdo SETel: 82-32-200-2704

33 Suncheon ECOTRANS Co., Ltd.Tel: 82-61-727-1011

15 POSMATETel: 82-2-528-2960

16 POSCO TerminalTel: 82-61-793-7412

17 POSCO A&CTel: 82-2-2018-7700

18 POSCO NSTTel: 82-51-850-7201

19 PNRTel: 82-54-222-5538

20 POSHiMETALTel: 82-61-790-0224

21 POSFINETel: 82-61-798-9600

Domestic Locations

1 HeadquartersTel: 82-54-220-0114

2 POSCO Center Tel: 82-2-3457-0114

3 Pohang Works Tel: 82-54-220-0114

4 Gwangyang Works Tel: 82-61-790-0114

International Offices

1 Dubai Tel: 9714-221-8280

2 Mongolia Tel: 976-1131-0527

3 Perth Tel: 61-8-9486-7052

Domestic Subsidiaries

1 POSCO E&CTel: 82-54-223-6114

2 Daewoo International Tel: 82-2-759-2114

3 POSCO SSTel: 82-55-269-6114

4 POSCO PowerTel: 82-2-3469-5909

5 POSCO ICTTel: 82-54-280-1114

6 POSCO ChemtechTel: 82-54-290-0114

7 POSCO C&CTel: 82-54-280-6114

8 POSCO P&STel: 82-2-3469-5000

9 SNNCTel: 82-61-797-9114

10 POSCO M-TechTel: 82-54-280-8114

11 POSCO plantECTel: 82-54-279-7114

12 Sungjin GeotecTel: 82-52-228-5801

13 POSCO ASTTel: 82-31-490-5114

14 POSCO TMCTel: 82-41-580-1331

28

31

32

33

13

14

15

16

18

19

21 22

4142

17

20

43 52

1

5

1

3

4

26

37

2 3

4

6

8

9

23

24

23

25

30

31

32

33

34

35

39

47

49

445157

7

578

9

10

21

38

36

16

23

33

27

40

17

48

54

55

2

3

15

18

20

22

24

25

30

31

11

6 12

13

32

46

1910 14

35 37

229 128

34 36 45 50

38

13

26

27

2928

12

53

5611

48 49

Europe &

Africa

International Offices

1 EUTel: 49-211-435-3032

2 PragueTel: 420-246-088-360

3 MoscowTel: 7-915-388-7627

4 CairoTel: 202-2750-7436


1 POSCO Assan TSTTel: 90-212-215-3054

2 POSUK Titanium B.V.Tel: 7-777-002-3231

3 POSCO Poland Wroclaw Steel Processing CenterTel: 48-71-774-7501

4 POSCO Turkey Nilufer Processing CenterTel: 90-224-484-3132

5 POSCO Europe SteelDistribution CenterTel: 38-65-908-3430



1 Daewoo International (Deutschland)Tel: 49-69-3700498-0

2 Daewoo Italia S.r.lTel: 39-039-6411-61


3 Daewoo Int’l London Branch OfficeTel: 44-208-336-9131~3

4 Daewoo International Espana (Oficina de Representacion)Tel: 34-91-571-0563

5 Daewoo Int’l Corp. Istanbul OfficeTel: 90-212-290-7340

6 Daewoo International Corp. Baku OfficeTel: 994-12-436-9713

14 Daewoo Int’l Corp. Nairobi BranchTel: 254-20-316108

15 Daewoo Int’l Corp. Yaunde Branch Tel: 237-2220-6533

16 Daewoo Int’l Corp. Kinshasa BranchTel: 243-1-512-9740

17 Daewoo Int’l Corp.Cairo Liaison OfficeTel: 20-2-2521-5172

18 Daewoo Int’l Corp. Tripoli OfficeTel: 218-21-336-0181~2

19 Daewoo Int’l CorporationAlgeria BranchTel: 213-21-691068


Medical20 General Medicines Company Ltd.[HQ]249-1-83-165031

7 Daewoo International Corp. Warsaw OfficeTel: 48-22-645-1575

8 Daewoo International Corp. Prague OfficeTel: 420-224-225-538

9 Daewoo International Corp. Athens OfficeTel: 30-210-6618966

10 Daewoo Int’l Corp. Bucuresti Representative OfficeTel: 40-31-7115-115

11 Daewoo Int’l Corp. Moscow OfficeTel: 7-495-258-1811

12 Daewoo Global Nigeria Ltd.Tel: 234-1-270-1105

13 Daewoo Int’l Corp.Johannesburg BranchTel: 27-11-784-1326

2

3

1

2

3

45

6

7

8

9

11

10

12

13

14

15

16

17

18

1

19

20

4

3

4

1

25

●Domestic Locations ●International Offices ●Domestic Subsidiaries ●International Subsidiaries ●Daewoo International Corporation Network

1

1

2

1

2

3

4

6

8

9

10



1 Daewoo Int’l (America) Corp. [N.J]Tel: 1-201-229-4500

2 Daewoo Int’l (America) Corp. [DET]Tel: 1-248-339-2860

3 Daewoo Int’l (America) Corp. [L.A]Tel: 1-714-808-1000

4 Daewoo Int’l (America) Corp. [HOU]Tel: 1-713-979-3945

5 Daewoo International Mexico S.A.de.C.VTel: 52-55-5596-5137

Oil & Gas51 Myanmar E&P OfficeTel: 95-1-653239

52 Daewoo Energy Central AsiaTel: 998-71-238-9203

53 Korea LNG

54 Vietnam 11-2 Gas Mine

Power Plants55 Hanjung Power Ltd.Tel: 675-321-2932, 7625

Automotive Components56 KG Power(M)SdnTel: 60-3-6091-2680

Timber57 Myanmar Korea Timber International Ltd.Tel: 95-1-253129, 379117


6 Daewoo Int’l Corp, Toronto BranchTel: 1-905-248-2777

7 Daewoo Int’l Corp.Sucursal Buenos AiresTel: 54-11-5238-1201~5

8 Daewoo do Brasil Imp.E Exp. Ltda(Daewoo Internationl Cop. SaoPaulo Branch)Tel: 55-11-3285-5699

9 Daewoo International Corporation, Sucursal PeruanaTel: 51-1-221-4244

10 Daewoo Int’l Corp. Bogota Branch OfficeTel: 571-603-0909


Steel11 Daewoo AAPCTel: 84-211-3-847295

America International Offices

1 Rio de JaneiroTel: 55-21-2543-1632


1 POSCO AmericaTel: 1-201-585-3071

2 POSCO CanadaTel: 1-604-688-9174

3 Companhia Coreano-Brasileirade Pelotização (KOBRASCO)Tel: 55-21-2543-2812

4 POSCO UruguayTel: 598-2-900-0114

5 POSCO MexicoTel: 52-833-260-7700

6 POSCO Mexico Human TechTel: 52-833-260-7700

3

47

5 56

11

50 51

5352 Facts & Figures

POSCO Group (Consolidated)POSCO

Sales(Unit: KRW billion as of December 31, 2013)

Operating Profit by Business Area(Unit: KRW billion as of December 31, 2013; aggregated sum by business area)

Sales Revenue by Business Area(Unit: KRW billion as of December 31, 2013; aggregated sum by business area)

Operating Profit(Unit: KRW billion as of December 31, 2013)

Sales by Product Category(Unit: thousand tons as of December 31, 2013)

Shareholder Composition(Unit: % as of December 31, 2013)

Crude Steel Production(Unit: thousand tons)

Shareholders’ Equity Ratio(Unit: %)

10 11 12 13 10 11 12 13

37,3

2571

.3

33,7

16 36,4

1637,9

86

72.8

78

74.9

10 11 12 13 10 11 12 13

Cold-rolled13,762

Hot-rolled7,536

Plate5,659

Wire Rod2,339

STS

1,771

Other1,925

Electrical

901

Treasury Stock8.5

Domestic Investors

38.6

Foreign Investors

52.9

5,46

8

2,99

63,65

3

5,74

360

,521 68

,939

61,8

65

63,6

04

Steel Support29,546

E&C

10,782

Steel48,024

Energy3,045

ICT

1,213

Steel Support

345

E&C

464

ICT

67 Energy224

Steel2,341

POSCO History

1960s

April 1968

Founded as Pohang Iron and

Steel Co., Ltd.

1970s

April 1970

Broke ground on Pohang Phase 1

June 1973

Tapped Pohang No. 1 Blast Furnace

(7:30 a.m. June 9)

July 1973

Commissioned Pohang Phase 1

(production capacity of 1.03 mtpy)

May 1976



Dec. 1978



2000s

Oct. 2000

Completed privatization

July 2001

Commissioned POSPIA enterprise

portal

March 2002

Changed name to POSCO

June 2003

Declared code of conduct

July 2003

Opened the POSCO History Museum

Nov. 2003

Established POSCO China Holding

Corporation

Jan. 2004

Announced sustainability initiatives

August 2004

Broke ground on commercialized

Finex plant


Oct. 2004

Launched POSCO Japan

1980s

Feb. 1981

Commissioned Pohang Phase 4-1


Nov. 1981

Announced site selection for

Gwangyang Works

May 1983

Commissioned Pohang Phase 4-2


March 1985

Broke ground on Gwangyang Phase 1

April 1986

Launched USS-POSCO Industries

(UPI)

Dec. 1986

Opened POSTECH

May 1987

Commissioned Gwangyang Phase 1


June 1988

Listed on the Korea Stock Exchange

July 1988



June 2005

Singed MOU to build an integrated

steelworks in India

Nov. 2005

Listed on the Tokyo Stock Exchange

June 2006

Commissioned Gwangyang No. 6

CGL (established production system

of 6.5 mtpy automotive steel)

Nov. 2006

Commissioned Zhangjiagang

POSCO Stainless Steel integrated

production system

May 2007

Commissioned commercialized

Finex plant

Sep. 2008

Commissioned fuel cell plant

August 2009

Commissioned CGL plant in Mexico

Oct. 2009

Commissioned cold strip mill

in Vietnam

1990s

Dec. 1990



Oct. 1992

Commemorated the completion of

a quarter-century construction with

the commissioning of Gwangyang

Phase 4


Oct. 1994

Listed on the New York Stock

Exchange

Dec. 1994

Commissioned the Pohang Light

Source Synchrotron facility

Sep. 1995

Opened POSCO Center in Seoul

Oct. 1995

Listed on the London Stock

Exchange

Nov. 1995

Commissioned the new Pohang

steelmaking plant

Oct. 1996

Broke ground on Gwangyang No. 5

Blast Furnace and commissioned

Gwangyang No. 1 Mini Mill

March 1997

Appointed the first independent

directors to board

August 1997


Cold-Rolling Mill

March 1999


Blast Furnace

(production capacity of 28 mtpy)

2010s

August 2010

Signed acquisition contract for

Daewoo International

Oct. 2010

Broke ground on integrated

steelworks in Indonesia

Mar. 28, 2011

Completed construction of thick

plate mill (2 mpty)

Jun. 28, 2011

Started construction of Finix mill 3

(2 mpty)

Jul. 26, 2011

Started construction of an integrated

steelworks in Indonesia (3 mpty)

Aug. 11, 2011

Had ground-breaking ceremony of

the steel mill in Brazil

(upper stream process)

Sep. 28, 2011

Started construction of the cold

rolling mill for stainless steel in

Turkey (200 thousand tons per year)

Nov. 23, 2011

Started construction of No. 2 CGL,

POSCO MEXICO

(500 thousand tons per year)

Dec. 14, 2011

Established POSCO-Thinox

Mar. 07, 2012

Completed construction of the

cold rolling mill for stainless steel

in Vietnam

Apr. 05, 2012

Completed construction of Pohang

CGL (750 thousand tons per year)

May 28, 2012

Completed construction of India

CGL (450 thousand tons per year)

Commissioned commercialized

Finex plant

2007

Signed acquisition contract for

Daewoo International

2010

Broke ground on integrated steelworks in

Indonesia

2010

For the past four decades or more, POSCO has achieved

remarkable success based on the love and support of many

stakeholders. However, never content to rest on our laurels,

we are always striding forward to meet the next challenge.

We pledge to continue to evolve, expanding markets all over

our global network and accomplishing partnered growth

through innovative creativity, for a better tomorrow.

Stay with us and see how POSCO becomes a company loved

and appreciated by every stakeholder for a better tomorrow.

A bigger world needs

more companies like POSCO.

Founded as Pohang Iron and Steel

Co., Ltd.

1968

Broke ground on Pohang Phase 1

1970

Commemorated the completion of a

quarter-century construction with the

commissioning of Gwangyang Phase 4


1992

Completed privatization

2000

54

www.posco.com

Headquarters1, Goedong-dong, Nam-gu,Pohang, Gyeongsangbuk-do790-300, KoreaTel: 82-54-220-0114Fax: 82-54-220-6000

Seoul OfficePOSCO Center, 892Daechi 4-dong, Gangnam-gu,Seoul 135-777, KoreaTel: 82-2-3457-0114Fax: 82-2-3457-6000

Pohang Works5, Dongchon-dong, Nam-gu,Pohang, Gyeongsangbuk-do790-785, KoreaTel: 82-54-220-0114Fax: 82-54-220-6000

Gwangyang Works700, Geumho-dong,Gwangyang, Jeollanam-do545-711, KoreaTel: 82-61-790-0114Fax: 82-61-790-7000

Documents

POSCO the Great · human capital excels on the global ... which is formed out of hot strip ... materials for cold-rolled coils and electrical steel to be reprocessed later into